FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL
EXAM NEWEST ACTUAL EXAM COMPLETE ACCURATE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
There are several important statutory requirements pertaining to contracts made by
public adjusters: - ANSWER: Must state the type of claim, including an emergency
claim, non-emergency claim or supplemental claim.
Requires the signatures of all named insureds.
If the signatures of all named insureds are not available, the public adjuster must
submit an affidavit signed by the available named insureds attesting that they have
authority to enter into the contract and settle all claim issues on behalf of the named
insureds.
An unaltered copy of the contract must be remitted to the insurer within 30 days
after execution. This means the contract provided to the insurer must also contain
the agreed upon fee percentage.
True or False: Both mediation and sinkhole neutral evaluation are non-binding.
Neither the insured nor the insurance company is legally obligated to accept the
outcome of the mediation conference. - ANSWER: True
The ______________ is intended for use by parties who are beginning the process of
filing suit against an insurer, when a party feels they have been damaged by specific
acts of the insurer. The Notice is intended to meet a portion of legal requirements
set forth in Section 624.155, Florida Statutes, which requires a party to file Notice
with both the insurer and the Department of Financial Services (DFS) at least 60 days
prior to bringing an action against the insurer. The DFS does not involve itself in the
pre-suit negotiations or communications related to Notices as such actions are not
within the scope of its statutory authority. - ANSWER: Civil Remedies Notice
Mediation Statute 627.7015 - ANSWER: The department shall adopt by rule a
property insurance mediation program to be administered by the department or its
designee. The department may also adopt special rules which are applicable in cases
of an emergency within the state. The rules shall be modeled after practices and
procedures set forth in mediation rules of procedure adopted by the Supreme Court.
The rules shall provide for:(a) Reasonable requirement for processing and scheduling
of requests for mediation.(b) Qualifications, denial of application, suspension,
revocation of approval, and other penalties for mediators as provided in s. 627.745
and the Florida Rules for Certified and Court-Appointed Mediators.(c) Provisions
governing who may attend mediation conferences.(d) Selection of mediators.(e)
Criteria for the conduct of mediation conferences.(f) Right to legal counsel.
(5) All statements made and documents produced at a mediation conference shall
be deemed to be settlement negotiations in anticipation of litigation within the
scope of s. 90.408. All parties to the mediation must negotiate in good faith and
must have the authority to immediately settle the claim. Mediators are deemed to
, be agents of the department and shall have the immunity from suit provided in s.
44.107.
(6)(a) Mediation is nonbinding; however, if a written settlement is reached, the
policyholder has 3 business days within which the policyholder may rescind the
settlement unless the policyholder has cashed or deposited any check or draft
disbursed to the policyholder for the disputed matters as a result of the conference.
If a settlement agreement is reached and is not rescinded, it is binding and acts as a
release of all specific claims that were presented in that mediation conference.
(b) At the conclusion of the mediation, the mediator shall provide a written report of
the re
Code of ethics (FAC 69B-220.201) - ANSWER: The work of adjusting insurance claims
engages the public trust. An adjuster shall put the duty for fair and honest treatment
of the claimant above the adjuster's own interests in every instance. ... (b) An
adjuster shall treat all claimants equally.
Florida Insurance Guaranty Association - ANSWER: establishes and maintains a
service-oriented operation for processing covered claims of insolvent members. FIGA
is a nonprofit corporation created by the Florida Legislature in 1970. FIGA services
pending claims by or against Florida policyholders of member insurance companies
which become insolvent and are ordered liquidated.
The Residential Property and Casualty Joint Underwriting Association originally
created by this statute shall be known as the Citizens Property Insurance Corporation
- ANSWER: The corporation shall provide insurance for residential and commercial
property, for applicants who are entitled, but, in good faith, are unable to procure
insurance through the voluntary market.
Business auto coverage form Section 3 Physical Damage Coverage - ANSWER: We will
pay for "loss" to a covered "auto" or its equipment under:
a. Comprehensive Coverage From any cause except: (1) The covered "auto's"
collision with another object; or (2) The covered "auto's" overturn.
b. Specified Causes Of Loss Coverage Caused by: (1) Fire, lightning or explosion; (2)
Theft; (3) Windstorm, hail or earthquake; (4) Flood; (5) Mischief or vandalism; or (6)
The sinking, burning, collision or derailment of any conveyance transporting the
covered "auto".
c. Collision Coverage Caused by: (1) The covered "auto's" collision with another
object; or (2) The covered "auto's" overturn.
Part D - Coverage for damage to your auto - ANSWER: the insurance company agrees
to pay an amount in excess of your deductible for direct and accidental loss to your
covered car or any other car specified in the agreement. Thus, it pays for damage or
theft to your car.
627.70131 Insurer's duty to acknowledge communications regarding claims;
investigation. - ANSWER: (1) Upon an insurer's receiving a communication with
respect to a claim, the insurer shall, within 14 calendar days, review and
EXAM NEWEST ACTUAL EXAM COMPLETE ACCURATE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
There are several important statutory requirements pertaining to contracts made by
public adjusters: - ANSWER: Must state the type of claim, including an emergency
claim, non-emergency claim or supplemental claim.
Requires the signatures of all named insureds.
If the signatures of all named insureds are not available, the public adjuster must
submit an affidavit signed by the available named insureds attesting that they have
authority to enter into the contract and settle all claim issues on behalf of the named
insureds.
An unaltered copy of the contract must be remitted to the insurer within 30 days
after execution. This means the contract provided to the insurer must also contain
the agreed upon fee percentage.
True or False: Both mediation and sinkhole neutral evaluation are non-binding.
Neither the insured nor the insurance company is legally obligated to accept the
outcome of the mediation conference. - ANSWER: True
The ______________ is intended for use by parties who are beginning the process of
filing suit against an insurer, when a party feels they have been damaged by specific
acts of the insurer. The Notice is intended to meet a portion of legal requirements
set forth in Section 624.155, Florida Statutes, which requires a party to file Notice
with both the insurer and the Department of Financial Services (DFS) at least 60 days
prior to bringing an action against the insurer. The DFS does not involve itself in the
pre-suit negotiations or communications related to Notices as such actions are not
within the scope of its statutory authority. - ANSWER: Civil Remedies Notice
Mediation Statute 627.7015 - ANSWER: The department shall adopt by rule a
property insurance mediation program to be administered by the department or its
designee. The department may also adopt special rules which are applicable in cases
of an emergency within the state. The rules shall be modeled after practices and
procedures set forth in mediation rules of procedure adopted by the Supreme Court.
The rules shall provide for:(a) Reasonable requirement for processing and scheduling
of requests for mediation.(b) Qualifications, denial of application, suspension,
revocation of approval, and other penalties for mediators as provided in s. 627.745
and the Florida Rules for Certified and Court-Appointed Mediators.(c) Provisions
governing who may attend mediation conferences.(d) Selection of mediators.(e)
Criteria for the conduct of mediation conferences.(f) Right to legal counsel.
(5) All statements made and documents produced at a mediation conference shall
be deemed to be settlement negotiations in anticipation of litigation within the
scope of s. 90.408. All parties to the mediation must negotiate in good faith and
must have the authority to immediately settle the claim. Mediators are deemed to
, be agents of the department and shall have the immunity from suit provided in s.
44.107.
(6)(a) Mediation is nonbinding; however, if a written settlement is reached, the
policyholder has 3 business days within which the policyholder may rescind the
settlement unless the policyholder has cashed or deposited any check or draft
disbursed to the policyholder for the disputed matters as a result of the conference.
If a settlement agreement is reached and is not rescinded, it is binding and acts as a
release of all specific claims that were presented in that mediation conference.
(b) At the conclusion of the mediation, the mediator shall provide a written report of
the re
Code of ethics (FAC 69B-220.201) - ANSWER: The work of adjusting insurance claims
engages the public trust. An adjuster shall put the duty for fair and honest treatment
of the claimant above the adjuster's own interests in every instance. ... (b) An
adjuster shall treat all claimants equally.
Florida Insurance Guaranty Association - ANSWER: establishes and maintains a
service-oriented operation for processing covered claims of insolvent members. FIGA
is a nonprofit corporation created by the Florida Legislature in 1970. FIGA services
pending claims by or against Florida policyholders of member insurance companies
which become insolvent and are ordered liquidated.
The Residential Property and Casualty Joint Underwriting Association originally
created by this statute shall be known as the Citizens Property Insurance Corporation
- ANSWER: The corporation shall provide insurance for residential and commercial
property, for applicants who are entitled, but, in good faith, are unable to procure
insurance through the voluntary market.
Business auto coverage form Section 3 Physical Damage Coverage - ANSWER: We will
pay for "loss" to a covered "auto" or its equipment under:
a. Comprehensive Coverage From any cause except: (1) The covered "auto's"
collision with another object; or (2) The covered "auto's" overturn.
b. Specified Causes Of Loss Coverage Caused by: (1) Fire, lightning or explosion; (2)
Theft; (3) Windstorm, hail or earthquake; (4) Flood; (5) Mischief or vandalism; or (6)
The sinking, burning, collision or derailment of any conveyance transporting the
covered "auto".
c. Collision Coverage Caused by: (1) The covered "auto's" collision with another
object; or (2) The covered "auto's" overturn.
Part D - Coverage for damage to your auto - ANSWER: the insurance company agrees
to pay an amount in excess of your deductible for direct and accidental loss to your
covered car or any other car specified in the agreement. Thus, it pays for damage or
theft to your car.
627.70131 Insurer's duty to acknowledge communications regarding claims;
investigation. - ANSWER: (1) Upon an insurer's receiving a communication with
respect to a claim, the insurer shall, within 14 calendar days, review and
